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How long do we consolidate around these levels?

jondoe - 2024-05-10 22:33:57

Bitcoin has been consolidating for 9 weeks around prior all time highs


How much longer will bitcoin stay around these levels?


If history is any guide, which it often is, not much longer.


The current consolidation has been going on for 9 weeks.


The prior two consolidations around all time highs lasted 12 weeks and 9 weeks respectively:


image.png


(Source: https://twitter.com/DaanCrypto/status/1789023100660601315/photo/1)


This means we are likely only a few weeks away from prices breaking to the upside again.


That is if history rhymes, which it often does.